Bitcoin price started a fresh increase from $60,000 and registered a new all-time high to $66,968 on Oct. 20th. And now BTC is back above $62,000. It has lost some power. To create another price fresh rally, Bitcoin must clear $64,000. The price of Bitcoin is now trading above $62,500 and the 100 hourly simple moving average. There is a major resistance line near...
Bitcoin broke the $64,000, and then $65,000 resistance and registered a new all-time high at $66,968. BTC is now trading above $65,800 and the 100 hourly simple moving average. It can be seen from the hourly chart that to keep the uptrend, Bitcoin needs to turn $66,000 as a strong support line. However, $64,000 is the current support line that there are still...
Bitcoin finally broke through $60K last Friday. It is now trading above $62,000 and the 100 hourly simple moving average. Furthermore, from the hourly chart, it can be seen that Bitcoin price take an uptrend since October most of the time. Back to today's performance, Bitcoin is showing positive signs above the $61,500 support line. Analysts on Bexplus believe...
From the hourly chart, Bitcoin remained strong above $54,000. Now that $54,000 became a strong support line. BTC started a fresh increase and it is expected to rally above $58,500 and $59,500. The price of Bitcoin is now trading above $57,600 and the 100 hourly simple moving average. BTC broke the key $57,000 resistance and closed the day above that line...
Bitcoin kept its rally above the $57,000 line since last night. BTC could continue to rise if it stays strong above the $56,000 support zone. The price is now trading around $57,200 and above the 100 hourly simple moving average. It can be seen from the hourly chart below that there is a strong support line above $54,000. The BTC/USDT pair is correcting gains,...
Bitcoin has held on above $40,000 for several days, and it is now trying to turn $42K as a strong support line. In this way, the price has the possibility to go further step by step. From the hourly chart above, Bitcoin is now approaching the 100 hourly simple moving average. The immediate resistance line should be $42,500 and then 42,800. If Bitcoin fails to...
Bitcoin price failed to break the $45,000 resistance yesterday. BTC is now hovering around $41K and has a risk of more downsides below $42,000 according to the hourly chart below. Meanwhile, it is now trading below the 100 hourly simple moving average. The open price of today's was $42,150, and it seems there was no upside continuation above $45,000. The first...
Bitcoin is slowly gaining momentum above $43,000, and now the $43,000 line has become a support zone. If Bitcoin keeps moving well above 100 hourly simple moving average, it could break the recent resistance line at $45,000 and shows an upside. But due to the monthly performance, the speed could be slow. However, it is better than yesterday, which is worth...
Bitcoin crashed below $40,000 yesterday and set a new monthly low at $39609. BTC is now recovering and trading below $43,000. From the hourly chart below, it is far below the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $43,000 on the hourly chart. The price could start a decent increase if it settles above...
Bitcoin price started a steady increase above the $47,000 resistance from yesterday. BTC even broke $48,000 a few hours ago and it is showing the trend to rise further in the near term cause it is trading well above the 100 hourly simple moving average. The immediate resistance line is at $49,000. If it can turn $49K to the support line, there is a great potential...
The price of Bitcoin is now trading below $46,000, which is the same as the last week. It is now trading above the 100 hourly simple moving average. However, it is hard to tell if it would sharply drop below the 100 SMA in the near future. From the hourly chart above, you can see that Bitcoin is facing a major resistance near $45,500 a few hours ago and now it is...
Bitcoin price is still consolidating around the $46,000 zone. It can be figured out from the hourly chart that BTC must clear the obstacle at $47,500 and $48,000 to start a steady increase in the near term. The price is still trading well below $48,000 and the 100 hourly simple moving average. From September 7 night, Bitcoin started the correction in the range of...
Bitcoin price corrected gains and moved above $46,000. It is now struggling to surpass $47,000 but it could start another decline. From the hourly chart above, Bitcoin is facing a major resistance at $47,000 and $48,000 levels. There is a key bearish trend line forming with resistance near $47,000 on the chart. BTC is now trading for far below the 100 hourly...
Bitcoin price extended its increase, starting from $49,000. But it has also touched $48,330 during the early morning. Later, it even surpassed the $50,000 resistance level. Bitcoin is now trading above $50,100 and the 100 hourly simple moving average. The next key support shall be near $48,250 and then $48,000. If there is a downside break below the $49,000...
Bitcoin failed to retake the $49,000 resistance level yesterday as well today. BTC is now struggling at around $47,400 and its first resistance level is $48,000. It is obvious that BTC sees a decline at the time of writing. BTC moved into a short-term bearish period again, just like the last week. There was a break below a key declining channel with support near...
Bitcoin rushed above $50,000 just for one day on Aug. 23rd, and then it started a downside again. As the chart below, BTC must settle above the 100 hourly Simple Moving Average to continue higher. BTC is now trading near $46,970 and it even extended its decline below $46,600, a few hours ago. The low is concentrated at around $46,800. If Bitcoin wants a fresh...
Bitcoin tested the $50,500 resistance level but failed yesterday, Aug. 23rd(UTC), the highest price was $50,499. And it started a downside correction today. As of writing, BTC is trading around $49,100 and slightly touched the 100 hourly simple moving average. It can be seen in the one-hourly chart, the $50,000 level becomes the first resistance if Bitcoin wants...
After Bitcoin rushed to $48,000 for the third time since mid-August, the long funds did not follow up in time, causing the price to fall rapidly, and today it fell as low as $43,955. The price has not been able to break through the key resistance this time, indicating that there is insufficient confidence in the advancement of long funds in the short term. On...